Inventory & Warehouse Management
Inventory management is often one of the backwaters of a business but getting it wrong can wreak havoc very quickly.
the basic principle of inventory management is to balance the level of stock held with the level of service required; in essence, inventory costs money and should be minimized wherever possible.
If your company has some of these inventory control related symptoms, it might be time for an inventory management review:
- Too much working capital invested in inventory
- Too much slow moving or obsolete inventory
- Customer service failures and back orders due to lack of the correct inventory.
- Poor on shelf availability
- Lots of inter branch / warehouse transfers to get the right inventory in the right place.
- past data to predict future inventory needs.
- Lack of Real-time inventory management
- Lack of maximization ERP system potential
- Lack of adopt cutting-edge technology
We have significant experience in inventory management, from forecasting demand and aligning the inventory policy through to stock location, handling and storage decisions. We can help clients understand the optimal level of inventory for their business, and how that inventory can be stored, retrieved and replenished in the most cost and service efficient manner.